02 October 2012 07:35 [Source: ICIS news]
By Andrea Heng
SINGAPORE (ICIS)--Asia’s prices of hydrous ethanol will start 2013 on a high note following a flat line in the last quarter of this year, on the back of lower availability and firmer prices from major supplier ?xml:namespace>
According to estimates by UNICA, the Brazilian Sugarcane Industry Association, the country will harvest 3.21% more sugarcane year on year at 509,000 tonnes in 2013, but the percentage of crops for refining into ethanol instead of sugar will drop to 51.25% from 51.56% in 2012.
Offers heard during the week ended 1 October were higher week on week at $700-705/cbm (€539-543/tonne) CFR (cost & freight) northeast (NE)
Meanwhile, prices are expected to remain largely stable for the rest of 2012 as key importers
B-grade ethanol is a variant of hydrous ethanol that is used in the manufacture of alcoholic beverages and is widely traded in
Market players are awaiting fresh offers from
However, the current market landscape is expected to change as
($1 = €0.77)
Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections
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